CFA franc

African coins

CFA franc is the name of two currencies:

The West African CFA franc is the currency of eight countries in West Africa: Benin, Burkina Faso, Guinea-Bissau, Ivory Coast, Mali, Niger, Sénégal and Togo.

The Central African CFA franc is the currency of six countries in Central Africa: Cameroon, the Central African Republic, Chad, the Republic of the Congo, Equatorial Guinea and Gabon.

Use of CFA franc. Green: West African CFA franc. Red: Central African CFA franc.

The Central African CFA franc has the same value as the West African CFA franc.[1]

CFA means Communauté Financière d'Afrique ("Financial Community of Africa") or Communauté Financière Africaine ("African Financial Community").[2]

The pegging of the CFA franc to the euro is considered by some as a guarantee of stability, while others equate it with voluntary servitude.[3]

References

  1. ↑ "Latest". Archived from the original on 2017-10-29. Retrieved 2016-04-07.
  2. ↑ "BCEAO - Présentation". Archived from the original on 2016-05-05. Retrieved 2016-04-07.
  3. ↑ "Le franc CFA, une monnaie désuète?". dw.com. 2 May 2025. Retrieved 2 May 2025.


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